Bitcoin At $28.5K: Unpacking The Significance Of Tight Bollinger Bands

• Rep. Maxine Waters has criticized PayPal’s stablecoin, and is calling for the same level of regulation as other financial institutions.
• A jury trial in the SEC v. Ripple Labs will be set for Q2 2024.
• Coinbase’s Ethereum layer-2 chain Base is now live to the public, and the Federal Reserve will require state banks to get written ’non-objection‘ from central bank before engaging with stablecoins.

Rep. Maxine Waters Criticizes PayPal’s Stablecoin

Rep. Maxine Waters has criticized PayPal’s newly launched stablecoin, and is demanding that it be regulated on par with other financial institutions like banks and credit unions. She believes that this would ensure consumer protection and guard against potential risks associated with digital currency transactions.

SEC v Ripple Labs Jury Trial Set for Q2 2024

The U.S Securities and Exchange Commission (SEC) has announced that a jury trial in its case against Ripple Labs will be set for Q2 2024. The SEC had filed charges against Ripple alleging that it had raised over $1 billion through an unregistered securities offering of XRP tokens between 2013 and 2018 without registration or exemption from registration requirements under federal law.

Coinbase’s Ethereum Layer-2 Chain Base Now Live to Public

Coinbase’s Ethereum layer-2 chain Base is now live to the public after successful testing by Coinbase employees over the past few months. The new platform uses sharding technology to increase transaction speed while reducing costs, making it more scalable than ever before for users who want to make frequent transactions on the blockchain network without incurring significant fees or waiting long periods of time for confirmations to occur before their transfers are completed successfully.

Federal Reserve Requires State Banks Get ‘Non-Objection’ From Central Bank Before Engaging With Stablecoins

In light of recent news about PayPal launching its own stablecoin, the Federal Reserve announced that all state banks must receive written ’non-objection‘ from the central bank before engaging with any form of digital currency or stablecoin products released by third parties like PayPal or Facebook Libra Association members in any capacity whatsoever . This requirement ensures that these digital currencies are compliant with existing regulations and laws governing payment systems in order to protect consumers from fraudsters trying to take advantage of them through shady cryptocurrency transactions online or offline using unsupported coins issued by unknown entities outside of government control .

Bitstamp Halts U.S Trading Of Seven Tokens Identified As Securities By SEC In Coinbase And Binance Cases Bitstamp recently halted U . S trading on seven tokens identified as securities by the SEC in cases involving both Coinbase and Binance exchanges . These seven tokens include Aragon (ANT), Bancor (BNT), Civic (CVC), District0x (DNT), Golem Network Token (GNT), Decentraland (MANA) , and SingularDTV (SNGLS). This decision was made as part of Bitstamp’s ongoing effort to remain compliant with all applicable laws around securities trading .